Newsquawk Daily European Equity Opening News - 6th February 2026

ASIA

APAC stocks were ultimately mixed after the global market rout rolled over into the region following the continued tech woes stateside and weak US labour market data. Nonetheless, most of the regional benchmark indices are well off their worst levels, as the early sell-off gradually stabilised. ASX 200 was among the underperformers with the index dragged lower by heavy tech losses, and with sentiment also not helped by M&A-related disappointment after the proposed Rio Tinto-Glencore merger fell through, while there were comments from RBA Governor Bullock, who noted the RBA board is not happy with inflation and the prospects of getting it down. Nikkei 225 initially declined amid the broad risk-off mood and disappointing Household Spending data, but then recovered as sentiment improved and with participants awaiting the snap election on Sunday, where the ruling bloc is widely anticipated to achieve a landslide victory. Hang Seng and Shanghai Comp were mixed amid a lack of fresh pertinent catalysts and with the mainland clawing back all of its early losses following another two-pronged liquidity operation by the PBoC utilising both 7-day and 14-day reverse repos.

Toyota Motor (7203 JT) - 9-month (JPY) net fell 26.1% Y/Y to 3.03tln, oper. profit 3.20tln (prev. 3.68tln Y/Y), rev. 38.1tln (prev. 35.7tln Y/Y), raises FY net view to JPY 3.57tln from JPY 2.93tln and FY26 group sales guidance to JPY 50tln from JPY 49tln. (Toyota Motor)

EUROPEAN CLOSES

CLOSES: European Closes: Euro Stoxx 50 -0.66% at 5,931, Dax 40 -0.63% at 24,449, FTSE 100 -0.98% at 10,300, CAC 40 -0.29% at 8,238, FTSE MIB -1.77% at 45,813, IBEX 35 -1.97% at 17,746, PSI -1.16% at 8,779, SMI -0.39% at 13,464, AEX -0.52% at 985

SECTORS: IT 0.96%, Consumer Stpl 0.29%, Telecoms -0.07%, Healthcare -0.48%, Industrials -0.54%, Consumer Disc -0.72%, Utilities -0.94%, Materials -1.84%, Energy -2.40%, Financials -2.49%

FTSE 100

BP (BP/ LN) - Union asks workers at BP's refinery in Whiting, Indiana, to prepare for strike or lockout. (BP)

OTHER UK COMPANIES

BROKER MOVES

Wizz Air (WIZZ LN) downgraded to Underperform from Neutral at Oddo Securities

DAX

Bayer (BAYN GY) - Bayer's Asundexian demonstrated a 26% reduction in stroke following non-cardioembolic ischemic stroke or high-risk transient ischemic attack, with no increase in ISTH major bleeding compared with placebo”. The primary endpoint was time to ischemic stroke; the primary safety endpoint was major bleeding. (Bayer)

OTHER GERMAN COMPANIES

Nordex (NDX1 GY) - Co. recorded new orders from several European countries with a total capacity of 220 MW. (Nordex)

BROKER MOVES

CAC

Societe Generale (GLE FP) - Q4 (EUR): Net Income 1.42bln (exp. 1.22bln), Revenue 6.74bln (exp. 6.6bln), Net Banking Income 6.73bln (exp. 6.64bln), CET 1 Ratio 13.5% (exp. 13.5%), FICC Sales & Trading Rev 435mln (exp. 528.3mln). Proposed a cash dividend of EUR 1.61/shr (incl. interim EUR 0.61/shr); share buyback programme of EUR 1.46bln. (Societe Generale)

Vinci (DG FP) - FY25 (EUR): EPS 8.65 (exp. 8.45), Revenue 74.6bln (exp. 74bln). 2026 outlook: Further revenue and earnings growth expected. Dividend proposed with respect to 2025: EUR 5.00/shr (prev. EUR 4.75/shr Y/Y). (Vinci)

OTHER FRENCH COMPANIES

Casino (CO FP) - Co. and Spar International commit to a long-term partnership. (Casino)

Gaztransport et Technigaz (GTT FP) - Co. receives order from Jiangnan shipyard for LNG carrier tank design. (Gaztransport et Technigaz)

BROKER MOVES

Air France (AF FP) upgraded to Outperform from Neutral at Oddo Securities

PAN EUROPE

Stellantis (STLAM IM/STLAP FP) - Co. says holding more chip inventory after Nexperia situation. (Stellantis)

BROKER MOVES

SMI

ABB (ABBN SW) – Co. commences USD 2bln share buyback. (ABB)

OTHER SWISS COMPANIES

EMS Chemie Holding (EMSN SW) - FY2025 (CHF): EBIT 567mln (exp. 565.5mln), Revenue 1.95bln (exp. 1.96bln). (EMS Chemie Holding)

BROKER MOVES

UBS (UBSG SW) downgraded to Neutral from Buy by Goldman Sachs

SCANDINAVIA

Aker Solutions (AKSO NO) - Q4 (NOK): EPS 1.50 (exp. 1.76), Revenue 16.7bln (exp. 15.8bln). Outlook: Aker Solutions expects revenues in 2026 to be between NOK 45 and 50 billion. (Aker Solutions)

Coloplast (COLOB DC) - Q1 (DKK): Revenue 7.04bln (exp. 7.13bln), Adj. EBIT 1.85bln (exp. 1.94bln). FY guidance unchanged. (Coloplast)

Kone (KNEBV FH) - Q4 (EUR): Sales 2.96bln (exp. 2.98bln), Adj. EBIT 401.0mln (exp. 402.5mln). Dividend proposal of EUR 1.80 for each class B share and EUR 1.7975 for each class A share. (Kone) 

Skanska (SKAB SS) - Q4 (SEK): EPS 5.94 (exp. 6.22), Revenue 48.7bln (prev. 50.6bln Y/Y). Proposed dividend of SEK 5.94/shr (prev. 5.54/shr Y/Y). (Skanska)

Telenor (TEL NO) - Q4 (NOK): Adj. EBITDA 8.6bln (exp. 8.27bln). FY: Revenue 76.6bln (prev. 75.5bln Y/Y), EBITDA 34.3bln (prev. 33.8bln Y/Y), Operating profit 17.98bln (prev. 17.91bln Y/Y). Co. to buy back shares for NOK 15bln. (Telenor)

Vestas (VWS DC) - Vestas has received an order for the 26 MW Kapuni Wind Farm in New Zealand from Hiringa Energy Limited. (Vestas)

BROKER MOVES

Equinor (EQNR NO) upgraded to Buy from Hold by Danske Bank

Maersk (MAERSKB DC) upgraded to Hold from Reduce by Kepler Cheuvreux

Neste (NESTE FH) downgraded to Hold from Buy by Danske Bank

US

CLOSES: SPX -1.23% at 6,798, NDX -1.38% at 24,549, DJI -1.20% at 48,909, RUT -1.79% at 2,578

SECTORS: Materials -2.75%, Consumer Discretionary -2.59%, Technology -1.72%, Financials -1.22%, Energy -1.09%, Health -0.70%, Industrials -0.61%, Real Estate -0.36%, Communication Services -0.30%, Utilities +0.11%, Consumer Staples +0.25%.

Amazon (AMZN) - Amazon shares fell 10% in extended trading after it missed earnings expectations and alarmed investors by forecasting a sharply higher capital spending driven by aggressive investment in AI infrastructure. Amazon reported Q4 EPS of 1.95 (exp. 1.96), including charges, with revenue at USD 213.4bln (exp. 211.23bln). AWS net sales saw its fastest growth in 13 quarters, rising +24% Y/Y at USD 35.58bln, the AWS backlog rose +40% Y/Y to USD 244bln; advertising revenues rose +22% Y/Y; its chips business was growing triple digits Y/Y. Execs notes strong demand for Trainium3 and substantial interest in Trainium4. CEO said the group will “invest aggressively” to be a leader in AI and is “very confident” in strong long-term returns, highlighting strong AWS transitions, rapid innovation and progress on Project Kuiper/Amazon Leo. Sees Q1 revenue between USD 173.5-178.5bln (exp. 175.2bln), implying growth of between +11-15% Y/Y; expects around USD 200bln of capex in FY26, predominantly in AWS, with most FY26 investments directed toward AI, chips, robotics and low-earth-orbit satellites.

Bloom Energy (BE) - Bloom Energy shares rose 8.5% in extended trading as traders welcomed strong Q4 performance, with revenue and earnings beating expectations, and a second straight year of positive operating cash flow, along with upbeat guidance for 2026. Q4 adj. EPS 0.45 (exp. 0.30), Q4 revenue USD 777.7mln (exp. 645.32mln); gross margin 31.9%; service gross margin 16.9%; product and service revenue USD 700.2mln; total backlog stood at around USD 20bln, with product backlog around USD 6bln; all product shipments now 800 V dc ready. CEO said bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities, calling the trend secular and growing. Sees FY26 adj. EPS between 1.33-1.48 (exp. 1.12), and revenue between USD 3.1-3.3bln (exp. 2.6bln); sees FY26 gross margin around 32%, and operating income between USD 425-475mln.

Coty (COTY) - Coty shares fell 12.7% in extended trading after it withdrew its FY26 guidance, and warned of a weaker-than-expected Q3, citing a leadership transition and a challenging beauty market backdrop. Q2 adj. EPS 0.14 (exp. 0.18), Q2 revenue USD 1.68bln (exp. 1.66bln), with performance driven by continued pressure in Consumer Beauty amid a challenging promotional backdrop, while Prestige trends were more resilient. Interim CEO acknowledged financial performance over the past 18 months has been disappointing, reflected in the share price. Sees Q3 adj. EPS (excluding the equity swap) to be roughly breakeven (exp. 0.07), with LFL revenue seen down mid-single-digits Y/Y. The company withdrew prior FY26 guidance for EBITDA and free cash flow, citing the complex beauty market backdrop and leadership transition.

Microchip Technology (MCHP) - Microchip Technology shares slipped in extended trading despite the company beating quarterly estimates and issuing guidance above expectations. Q3 EPS 0.44 (exp. 0.43), Q3 revenue USD 1.186bln (exp. 1.19bln); non-GAAP operating profit grew faster than revenue sequentially, reflecting margin expansion and execution of its nine-point recovery plan. CEO said results exceeded expectations on a broad-based end-market recovery and improving operational momentum. Sees Q4 EPS between 0.48-0.52 (exp. 0.49), and Q4 revenue between USD 1.24-1.28bln (exp. 1.24bln).

Strategy (MSTR) - Q4 EPS -42.93 (vs -3.03 Y/Y), Q4 revenue USD 123.0mln (exp. 118.5mln). Capital markets and treasury metrics highlighted a Bitcoin holding of 713,502 bitcoins after it raised USD 25.3bln of capital in 2025, including 41,002 bitcoins acquired in January 2026 alone. In 2025, five preferred equity IPOs were completed, and a USD 2.25bln dollar reserve was established, providing more than two-and-a-half years of dividend coverage. CEO said the company remains focused on expanding STRC to drive growth in Bitcoin Per Share for common shareholders; CFO said the capital structure is stronger and more resilient following accounting, tax and credit rating developments that supported broader corporate bitcoin adoption.

06 Feb 2026 - 06:54- Research Sheet- Source: Newsquawk